Trading activity cooled from the month-end frenzy with the Jamaica Stock Exchange Main Market ended on Tuesday with only a handful of stocks posting gains and more than half those trading ending with losses after an exchange of 55 percent fewer shares than on Monday at a value that fell 289 percent.
The All Jamaican Composite Index shed 1,918.58 points to close at 436,126.60, the Main Index declined by 1,705.00 points to 397,871.10 and the JSE Financial Index lost 0.47 points to settle at 104.38.
Trading ended with 42 securities changing hands compared to 49 on Monday and closed with the prices of just six stocks rising, 26 declining and 10 remaining unchanged. The average PE Ratio ended at 15.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 7,460,379 shares for $43,882,188 compared to 16,714,722 units at $170,632,583 on Monday. Wigton Windfarm led trading with 56.4 percent of total volume, after exchanging 4.21 million shares, followed by Transjamaican Highway with 17.9 percent and 1.34 million units and Sagicor Select Financial Fund with 5.9 percent of market share for 438,631 shares.
Trading averaged 177,628 units at $1,044,814 for each security compared to an average of 341,117 shares at $3,482,298 on Monday. In contrast, November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading for the market shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Eppley fell $1.29 to $23.15, in exchanging 2,349 shares, Eppley Caribbean Property Fund declined $4.90 to $40, with the trading of 8,925 stock units, Grace Kennedy closed $2.40 lower at $64.10, in transferring 13,478 stock units. Jamaica Producers Group gained 75 cents to end at $21.75, with 1,470 units changing hands, JMMB Group fell $1.78 to $33.22, with an exchange of 163,274 shares, Key Insurance shed 32 cents to end at $10.66 after trading 50,126 shares. Kingston Wharves settled at $47.11, with a loss of $1.29 in transferring 799 units, NCB Financial shed $1.01 in closing at $145 trading 86,804 shares, Pan Jam Investment dropped $6.50 to $63.50, with 55,347 shares crossing the market. Proven Investments shed $3 to $36 in trading 19,127 stock units, Salada Foods lost $1 to settle at $26 in exchanging 1,366 units, Scotia Group fell $1 to $45, with 122,414 shares changing hands.
Supreme Ventures gained 40 cents to close at $17.03, after the swapping of 21,899 stock units and Sygnus Credit Investments shed $1.31 in ending at $16, with a transfer of 53,907 shares.
In the preference segment, Eppley 8.25% dropped $1.46 to settle at $7 after crossing the exchange with 180 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading averaged 341,117 units at $3,482,298 for each security, compared to 5,591,567 shares at $5,529,709 on Friday. Month to date, the average ended at 623,120 units at $6,686,047 for each security, in contrast to 639,789 units at $6,875,412. October averaged 398,200 units at $4,622,532.
Pan Jam Investment advanced by $2.90 to close at $70, with 142,736 shares crossing the exchange, Sagicor Group rose $1 to $52 trading 1,647,769 shares, Salada Foods closed at $27, with a loss of $1 in trading 5,498 units. Scotia Group fell by $1.99 to $46 in exchanging 210,312 shares, Seprod gained $1.10 to end at $65.10, with a transfer of 18,206 units, Supreme Ventures shed 87 cents to finish at $16.63, with 23,840 stock units changing hands and Sygnus Credit Investments lost 69 cents trading 181,280 shares to end the day’s trade at $17.31.
At the close, the All Jamaican Composite Index advanced by 3,396.16 points to 432,332.67, the Main Index climbed 3,018.17 points to 394,446.38 and the JSE Financial Index rose 0.33 points to settle at 103.44.
Pan Jam Investment finished at $67.10, with gains of 60 cents after clearing the market with 18,832 units, Proven Investments lost 36 cents to settle at $38.68, with the swapping of 14,106 stock units, Pulse Investments ended at $4.58 after losing 31 cents and exchanging 443,745 shares. Salada Foods fell $1 to $28, in transferring 24,249 stock units, Scotia Group declined $1.71 to $45.14, in clearing the market with 11,685 units, Seprod shed 50 cents to settle at $64, with 1,163 stocks passing through the market. Sterling Investments gained 50 cents to end at $3.70, with the switching of 330 units, Supreme Ventures gained 48 cents to finish at $16.48 after trading 162,359 shares and Wisynco Group closed 49 cents higher at $16, with 437,353 stocks passing through the market.
At the close, the All Jamaican Composite Index climbed 2,982.72 points to 428,936.51, the Main Index rose 2,680.31 points to 391,428.21 and the JSE Financial Index gained 0.29 points to settle at 103.11.
Trading averaged 1,039,769 units changing hands at $5,996,563 for each security, compared to an average of 678,428 shares at $4,062,730 on Monday. Trading for the month to date averaged 390,690 units at $7,005,102 for each security, versus 346,635 units at $7,073,555 on Monday. October averaged 398,200 units at $4,622,532.
Mayberry Investments ended $1.38 higher at $7 trading 50,100 shares, Mayberry Jamaican Equities gained 93 cents to finish at $7.93, with investors swapping 30,167 stock units, NCB Financial fell $3.40 to $145.10, with an exchange of 18,559 shares. Palace Amusement declined $200 to end at $1,100, in trading 5 stock units, Pan Jam Investment rose $1.50 to $66.50, after exchanging 2,067 stock units, Proven Investments gained 79 cents to close at $39.04, trading 2,785 units. Sagicor Group advanced $2 to $50 and ending with an exchange of 309,520 shares, Salada Foods climbed $4 to close at $29, trading 7,008 units, Seprod gained $1.50 to end at $64.50 after exchanging 19,273 stock units and Sterling Investments lost 50 cents to close at $3.20 transferring 255,264 shares.
At the close, the All Jamaican Composite Index rose 204.81 points to 425,953.79, the Main Index advanced by 284.47 points to 388,747.9 and the JSE Financial Index gained 0.31 points to settle at 102.82.
Transjamaican Highway controlled a 12.7 percent market share with 3.54 million units and Sagicor Select Manufacturing & Distribution Fund accounted for 3.6 percent of the day’s trade in closing with one million units changing hands.
Mayberry Jamaican Equities shed 80 cents to settle at $7, after transferring 3,098 units, NCB Financial declined $1.48 to$148.50, in crossing the exchange with 714,826 shares, Palace Amusement climbed $34.99 to $1,300, with 2 units changing hands. Salada Foods fell $2.50 to $25, with 5,139 stock units crossing the market, Scotia Group rose 85 cents to end at $46.85, exchanging 10,778 shares and Seprod gained $1 to close at $63 trading 19,472 stock units.
The average trade amounts to 366,759 units at $16,456,068 for each security, compared to an average of 331,704 shares at $4,518,526 on Tuesday. The average trade for the month to date ended at 268,282 units at $5,122,619 for each security, in contrast to 259,701 units at $4,135,150 on Tuesday. Trading for October averaged 398,200 units at $4,622,532 .
NCB Financial climbed $8 to $150, with 2,760,546 shares changing hands, Pan Jam Investment advanced by $2.84 to $64 after exchanging 11,719 units, Proven Investments declined by $2.14 in closing at $36.86, in trading 2,900 units. Salada Foods shed 79 cents to end at $27.50, with an exchange of 260 units, Scotia Group fell by $2.89 in closing at $45.06, with 172,829 shares changing hands and Supreme Ventures lost 65 cents to end at $15.35, after 27,135 stock units passed through the market.
The average traded was 320,366 units changing hands at $5,764,643 for each security, compared to 575,470 shares at $4,947,800 on Wednesday. The average trade for the month to date ends at 259,799 units at $3,740,044 for each security, in contrast to 252,610 units at $3,499,735 on Wednesday. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
Scotia Group rose $1.75 to $47.75, after trading 80,862 shares, Seprod closed $1.50 higher at $63.50, with investors switching ownership of 29,826 stock units, Sygnus Credit Investments gained 80 cents to end at $17.80, in exchanging 554,552 units. Victoria Mutual Investments rose 38 cents to end at $5.79, with 99,884 shares changing hands and Wisynco Group gained 32 cents to close at $15.26 after 119,591 stocks passed through the market.
At the close, the All Jamaican Composite Index lost 18.27 points and closed at 413,014.37, the Main Index shed 21.33 points to 376,752.06, but the JSE Financial Index gained 0.17 points to settle at 98.33.
Trading ended with an average of 575,470 units changing hands at $4,947,800 for each security, compared to 200,644 shares at $2,777,019 on Tuesday. The average trade for the month to date ends at 252,610 units at $3,499,735 for each security, in contrast to 205,389 units at $3,287,944. Trading month to date continues to compare adversely to October’s average of 398,200 units at $4,622,532.
Kingston Wharves rose $2.25 to $48.95 after clearing the market with 3,837 units. Mayberry Jamaican Equities gained 42 cents to close at $7.50, with 77,364 shares changing hands, MPC Caribbean Clean Energy dipped $8, in ending at $142 with the trading of 382 units, Pan Jam Investment gained 99 cents to close at $63.99, in trading 3,719 units. Proven Investments declined $2.43 to $36.07, with 4,000 units crossing the exchange, Salada Foods fell $1.90 to $26.39, after an exchange of just one tock unit, Scotia Group advanced $1.39 to $46, with the swapping of 159,766 shares. Seprod dropped $2 to $62 in exchanging 9,908 stock units, Supreme Ventures rose 44 cents to close at $15.89 trading 38,592 stock units and Sygnus Credit Investments lost 45 cents in closing at $17, with a transfer of 42,707 shares.
Trading ended with 40 securities changing hands compared to 44 on Friday and closed with the prices of 16 stocks rising, 14 declining and 10 ending unchanged. The average PE Ratio ends at 15.4 based on ICInsider.com’s forecast of 2020-21 earnings.
First Rock Capital gained 73 cents trading 47,343 shares to close at $13.93. Jamaica Broilers fell $1.35 to $25.15, with an exchange of 219,898 shares, Jamaica Producers rose $1.58 to $21.18 trading 10,972 units, Jamaica Stock Exchange lost 64 cents to settle at $17.81, with 8,699 units crossing the market Kingston Wharves advanced $3.38 to $48.95, after clearing the market with 4,517 units, MPC Caribbean Clean Energy climbed $7.50 to settle at $148.50, in trading 100 units, 138 Student Living declined $1.04 to $3.85 after 9,491 units crossed the market, Proven Investments fell $1.80 to $38, in an exchange of 3,097 units. Sagicor Group climbed $6 to $48, with 2,694,651 shares changing hands, Seprod advanced $3.96 in closing at $63.96, with investors swapping 2,790 units and Supreme Ventures gained 50 cents exchanging 38,023 shares to close at $15.50.
The average trade for November to date is 142,384 units at $1,405,203 for each security versus 117,991 units at $1,358,182. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
JMMB Group ended 55 cents higher at $31.25, in the transfer of 549,695 shares, Kingston Properties shed 63 cents in closing at $6.85 and trading 29,700 stock units, Kingston Wharves lost $2.40 to end at $45.50, with investors swapping 7,442 stock units. Mayberry Investments shed 58 cents in closing at $5.51, trading 14,915 stock units, MPC Caribbean Clean Energy shed $8.99 to $140.01, with an exchange of 253 units, NCB Financial lost 90 cents in closing at $134.10, after a transfer of 28,805 stock units. Pan Jam Investment fell $1.10 to $62.50, after an exchange of 14,959 stock shares, Proven Investments climbed $1.39 to $39.99 trading 7,325 units, Pulse Investments gained 48 cents to end at $4.73, with investors switching ownership of 2,656,385 shares. Sagicor Group fell $1.45 to settle at $44.10, with 9,121 units passing through the market, Scotia Group rose $1 to close at $45, in exchanging 45,982 shares and Seprod fell $1.75 to $61.70 after trading 53,957 shares.